NIFTY 50 – IS UPTREND STILL INTACT ?

Last 4 sessions was really interesting so many things came up. Awaited budget, Sell off in US, Which leads to more fall in equity across the globe.

But the important question is whether uptrend is still intact?

Lets see the Chart !

Nifty 50 Daily Chart

But good news for Bulls are that uptrend is still intact which is clearly visible on charts. Price is making HH and HL and price perfectly took support at fib 78.6 % retracement and at lower trend line of the channel.

Now till the time 10280 – 10000 level is intact trend will remain up..

The resistance levels are 10600-10750-10900.

Cheers

Sid

Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.